Civic Intelligence

The Discovery Orchestra Inc

EIN 22-2822802 • 501(c)3 • Summit, NJ

Profile

The discovery orchestra, inc. Is a not-for-profit corporation whose mission is to teach listening skills that help people deeply connect with classical music.

120 Morris AvenueSummit, NJ 07901

www.discoveryorchestra.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

57th percentile

0.04x

Higher debt load relative to assets than 57% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

61st percentile

0.05x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

49th percentile

4.1%

Higher net margin than 49% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

39th percentile

-0.5%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2025

Revenue Growth

33rd percentile

-2.6%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2025

Assets

Up

$500,976

Up $14,348 (+2.9%) from 2024

Liabilities

Down

$19,527

Down $2,514 (-11%) from 2024

Net Assets

Up

$481,449

Up $16,862 (+3.6%) from 2024

Revenue

Up

$408,264

Up $5,543 (+1.4%) from 2024

Expenses

Down

$391,502

Down $20,469 (-5.0%) from 2024

Net Income

Up

$16,762

Up $26,012 (+281%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0-$200KAssets 2011: $53,938Liabilities 2011: $15,354Net Assets 2011: $38,5842011Assets 2012: $79,331Liabilities 2012: $83,767Net Assets 2012: -$4,4362012Assets 2013: $47,681Liabilities 2013: $47,674Net Assets 2013: $72013Assets 2014: $62,119Liabilities 2014: $9,946Net Assets 2014: $52,1732014Assets 2015: $73,169Liabilities 2015: $14,600Net Assets 2015: $58,5692015Assets 2016: $64,433Liabilities 2016: $33,556Net Assets 2016: $30,8772016Assets 2017: $184,546Liabilities 2017: $15,791Net Assets 2017: $168,7552017Assets 2018: $168,558Liabilities 2018: $14,239Net Assets 2018: $154,3192018Assets 2019: $326,118Liabilities 2019: $12,876Net Assets 2019: $313,2422019Assets 2020: $204,103Liabilities 2020: $51,371Net Assets 2020: $152,7322020Assets 2021: $724,697Liabilities 2021: $15,914Net Assets 2021: $708,7832021Assets 2022: $734,181Liabilities 2022: $17,712Net Assets 2022: $716,4692022Assets 2023: $505,660Liabilities 2023: $31,869Net Assets 2023: $473,7912023Assets 2024: $486,628Liabilities 2024: $22,041Net Assets 2024: $464,5872024Assets 2025: $500,976Liabilities 2025: $19,527Net Assets 2025: $481,4492025

Highlighted filing

2025

Assets$500,976
Liabilities$19,527
Net Assets$481,449

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $304,7522011Expenses 2012: $496,3072012Expenses 2013: $387,0432013Revenue 2014: $395,403Expenses 2014: $343,237Net Income 2014: $52,1662014Revenue 2015: $469,197Expenses 2015: $462,801Net Income 2015: $6,3962015Revenue 2016: $454,678Expenses 2016: $482,370Net Income 2016: -$27,6922016Revenue 2017: $505,749Expenses 2017: $367,871Net Income 2017: $137,8782017Revenue 2018: $347,035Expenses 2018: $361,471Net Income 2018: -$14,4362018Revenue 2019: $456,115Expenses 2019: $297,192Net Income 2019: $158,9232019Revenue 2020: $350,903Expenses 2020: $511,413Net Income 2020: -$160,5102020Revenue 2021: $816,612Expenses 2021: $260,561Net Income 2021: $556,0512021Revenue 2022: $313,668Expenses 2022: $305,982Net Income 2022: $7,6862022Revenue 2023: $430,124Expenses 2023: $672,802Net Income 2023: -$242,6782023Revenue 2024: $402,721Expenses 2024: $411,971Net Income 2024: -$9,2502024Revenue 2025: $408,264Expenses 2025: $391,502Net Income 2025: $16,7622025

Highlighted filing

2025

Revenue$408,264
Expenses$391,502
Net Income$16,762

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.01$0.20$4.81$4.08$3.92$0.17
2024Detailed filing. Detailed filing data is available for this year.$4.87$0.22$4.65$4.03$4.12$0.09
2023Detailed filing. Detailed filing data is available for this year.$5.06$0.32$4.74$4.30$6.73$2.43
2022Detailed filing. Detailed filing data is available for this year.$7.34$0.18$7.16$3.14$3.06$0.08
2021Detailed filing. Detailed filing data is available for this year.$7.25$0.16$7.09$8.17$2.61$5.56
2020Detailed filing. Detailed filing data is available for this year.$2.04$0.51$1.53$3.51$5.11$1.61
2019Detailed filing. Detailed filing data is available for this year.$3.26$0.13$3.13$4.56$2.97$1.59
2018Detailed filing. Detailed filing data is available for this year.$1.69$0.14$1.54$3.47$3.61$0.14
2017Detailed filing. Detailed filing data is available for this year.$1.85$0.16$1.69$5.06$3.68$1.38
2016Detailed filing. Detailed filing data is available for this year.$0.64$0.34$0.31$4.55$4.82$0.28
2015Summary only. Only limited summary data is available for this year.$0.73$0.15$0.59$4.69$4.63$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.62$0.10$0.52$3.95$3.43$0.52
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.48$0.00$3.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.84$0.04$4.96
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.15$0.39$3.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 18, 2025
Return Version
2024v5.2
Gross Receipts
$424,555
Mission and Program Overview

Mission

The discovery orchestra, inc. Is a not-for-profit corporation whose mission is teaching listening skills that help people emotionally connect to classical music.

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$100,046$240,146▲ $140,100
Savings and Temporary Cash Investments$145,502$145,502→ $0
Pledges and Grants Receivable$14,680$23,430▲ $8,750
Cash and Non-Interest-Bearing Accounts$146,679$19,805▼ $126,874
Prepaid Expenses and Deferred Charges$28,700$13,524▼ $15,176
Land, Buildings, and Equipment, Net$0$9,729▲ $9,729
Inventories for Sale or Use$1,015$1,712▲ $697
Total Assets$486,628$500,976▲ $14,348
Other Assets Total$50,006$47,128▼ $2,878
Liabilities
Accounts Payable and Accrued Expenses$17,676$18,040▲ $364
Other Liabilities$4,365$1,487▼ $2,878
Total Liabilities$22,041$19,527▼ $2,514
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$316,085$317,947▲ $1,862
Net Assets With Donor Restrictions$148,502$163,502▲ $15,000
Total Net Assets Fund Balance$464,587$481,449▲ $16,862
Total Liabilities and Net Assets / Fund Balance$486,628$500,976▲ $14,348

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,729$1,497$11,226
Other Assets Org$1,487--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rick KallerExecutive DirectorFT$76,644$22,513$99,157
Virginia JohnstonFinance DirectorPT$16,950$4,200$21,150

Board Members and Trustees

NameTitle
Susan HeadPresident
B Bruce HoggVice President
Charles R Kramer JrTrustee
Dyan BrysonTrustee
Nadya GeniushTrustee
Sandra Braddy-hallTrustee
John WargackiSecretary
David a Williams CPATreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$389,777
Program Service Revenue
$0
Investment Income
$15,949
Other Revenue
$2,538
All Other Contributions
$252,048
Change in Net Assets
$16,762

Audited Revenue Reconciliation

Revenue per Audited Statements
$408,264
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$100
Total Revenue per Audited Statements
$408,364
Total Revenue per Form 990
$408,264
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$269,375
Other Expenses$122,127
Total Fundraising Expense$67,269
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$78,467$25,346$17,459$121,272
Current Officers, Directors, Trustees, and Key Employees$75,930$26,502$17,370$119,802
Fees for Services Other$15,170$2,730$14,700$32,600
Payroll Taxes$10,525$3,676$2,506$16,707
Insurance$8,018$8,090-$16,108
Advertising$11,344-$815$12,159
Fees for Services Accounting$600$10,500$600$11,700
Other Employee Benefits$4,561$2,060$1,811$8,432
All Other Expenses$5,010$1,393$2,022$8,425
Office Expenses$2,264$1,793$1,064$5,121
Occupancy$3,640$660$450$4,750
Other Expenses$1,157$1,312$1,551$4,020
Pension Plan Contributions$1,820$822$520$3,162
Depreciation Depletion$943$330$224$1,497
Travel$259--$259
Total Functional Expenses$237,186$87,047$67,269$391,502

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$391,502
Total Expenses per Audited Statements$391,502
Total Expenses per Form 990$391,502
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$16,291
Fundraising Gross Income$16,291
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$60,300$16,291$183$16,108
Total Events$60,300$16,291$16,291$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$1,487
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The discovery orchestra, inc. Has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is provided to the members of the organization's governing body for any comments prior to its submission. The governing body is provided with a reasonable amount of time to review the form 990. Any comments are then grouped, summarized and provided through management to the outside accounting firm. Any applicable issues are addressed prior to the return being finalized and approved for filing.

Form 990, Part VI, Section B, Line 12C

The organization requires annual conflict of interest statements from all covered members. The organization's conflict of interest policy covers all staff and members of the board of trustees. Should any potential conflict of interest issue arise, appropriate staff and trustees act upon the issue on a timely and reasonable basis to resolve the matter.

Form 990, Part VI, Section B, Line 15

The organization has a "board review of compensation committee" that reviews the compensation data each spring, then recommends compensation packages for the executive director and artistic director for full board approval.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements are always available to the public at the discovery orchestra inc.'s office located at 120 morris avenue, summit, nj 07901 or by request. In addition the 990 is posted on the organization's website www.discoveryorchestra.org as well as guidestar.org.

Filing and Contact Details

Filer

Filer Name
The Discovery Orchestra Inc
EIN
22-2822802
Phone
9733792200
Address
120 MORRIS AVENUE, SUMMIT, NJ 07901

Signing Officer

Name
David a Williams CPA
Title
Treasurer
Phone
9733792200
Signed
2025-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Kaller
Formed
1987
Legal Domicile
Nj
Voting Board Members
8
Independent Board Members
8
Employees
64
Volunteers
46

Preparer

Firm
Nisivoccia Llp
Address
200 VALLEY RD SUITE 300, MT ARLINGTON, NJ 07856
Phone
9733281825
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1 DESCRIPTION OF ORGANIZATION MISSION:

The discovery orchestra, inc. ("tdo") is a not-for-profit corporation whose mission isteaching the listening skills that help people deeply connect with classical music. For more than 25 years, artistic director george marriner maull and tdo have offered interactiveclassical music experiences to students, teachers, and the general public, from classical fans to the classical-curious, to help them "listen better." live programs in concert halls,schools, and community centers supplement media programs on public television, radio,dvds, and the internet. All programs employ the methodology of noticing musical detail toheighten enjoyment and understanding of the pieces being explored. Tdo has received three emmy nominations and eleven telly awards for its six public television programs, distributed by american public television. Apt re-released two of tdo's television programs, discover vivaldi's four seasons and the 8-part fall in love with music series, in may 2022. A year later, tdo's most recent program, discover saint-saensorgan" symphony, was completed and also began national distribution. In january 2024, tdo's popular discover beethoven's 5th was re-released for a three-year distribution cycle. Collectively throughout fiscal year 2025, there were 253 broadcasts of these four programs on 49 channels across 15 states, with each program reaching an average potential national audience of over 58 million households. Tdo's television programs and short-form videos are also distributed to the educational marketplace by films media group and to the home streaming market via pbs passport and amazon prime video. Fiscal year 2025 saw the continuation of tdo's public radio program, inside music, produced in partnership with wwfm--the classical network. Tdo's video/podcast series notes from under the piano, plus its ever-popular discovery chat videos, resulted in more than 23,000 views on youtube. In addition, tdo's game app aha! Classical, developed in partnership with social impact studios, had more than 17,000 downloads across the apple and google play app stores. This free game allows players of all ages and skill levels to learn about, interact with, and practice listening skills through classical music. Live public performance events in new jersey during the 2024-25 season reached 516 attendees at venues including historic beacon church in summit, the kellogg mansion in morristown, grace church in newark, princeton seminary chapel in princeton, and grace episcopal church in madison.tdo's community engagement programs for local music student and senior groups continued in both live and virtual settings. Twelve of these programs, reaching an additional 854 participants, were held with tdo's educational partners in six nj counties, including the keys 2 success piano program in newark, the patricia m. Noonan elementary school (ps #26) in jersey city, frelinghuysen middle school with the links inc. (morris county chapter) and their rhythms for life program in morristown, monmouth county library in shrewsbury, warrenbrook seniors in warren township, and new providence seniors in new providence. This reflects an 85% increase in community engagement participants from fy24. Comments from our audience members and community program participants include the following: "perfect event! Everyone loved the piece and appreciated the multi-media format in which it was presented." -- attendee at the october 2024 discover symphonic masterworks with the maestro program "thank you so much for coming to perform and present at our center. The music was beautiful and the additional information you provided was enlightening. We all truly enjoyed the experience. Many of the seniors have sought me out to express their gratitude for this program." -- beth conti, program coordinator at the decorso community center in new providence, following the november 2024 program "thank you all for a really great program today! Everyone seemed to be having so much fun esp

FORM 990, PART XII, LINE 2C EXPLANATION:

There has been no change from the prior year.

FORM 990, PART V, LINE 2A EXPLANATION:

This figure includes five regular staff members, musicians paid for the re-release of our "discover beethoven's 5th" television show on american public television, and other musicians who performed at live events during 2024.

Financial Statement Notes

PART X, LINE 2:

Tdo is a not-for-profit corporation as described in section 501(c)(3) of the internal revenue code and is thereby exempt from federal income taxes on related income pursuant to section 501(a) of the code. Tdo is also exempt under title 15 of the state of new jersey corporations and associations not for profit act. Accordingly, no provision for federal or state income taxes has been presented in the accompanying financial statements. Management has stated that all required informational tax returns have been filed and registration fees have been paid. Tdo follows the provisions of fasb asc, income taxes. The standard prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required to meet before being recognized in the financial statements. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition as they relate to those positions. Tdo does not expect a significant increase or decrease to the total amounts of unrecognized tax positions during the year ended june 30, 2025. However, tdo is subject to regular audit by tax authorities including a review of its nonprofit status, which management believes would be upheld upon examination. Tdo believes that it has appropriate support for the positions taken on its tax returns. Nonetheless, the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts accrued each year. As required by law, tdo files informational returns with both federal and new jersey state governments on an annual basis - form 990 with the internal revenue service, and form cri- 300r with the state. Tdo is subject to examinations at any time within certain statutorily defined periods from the latest filing date for federal and for new jersey.

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IRS990/Form990PartVIISectionAGrp/PersonNm1DAVID A WILLIAMS CPA
IRS990/Form990PartVIISectionAGrp/PersonNm2NADYA GENIUSH
IRS990/Form990PartVIISectionAGrp/PersonNm3CHARLES R KRAMER JR
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN WARGACKI
IRS990/Form990PartVIISectionAGrp/PersonNm5B BRUCE HOGG
IRS990/Form990PartVIISectionAGrp/PersonNm6DYAN BRYSON
IRS990/Form990PartVIISectionAGrp/PersonNm7SANDRA BRADDY-HALL
IRS990/Form990PartVIISectionAGrp/PersonNm8VIRGINIA JOHNSTON
IRS990/Form990PartVIISectionAGrp/PersonNm9RICK KALLER
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IRS990/MissionDesc0THE DISCOVERY ORCHESTRA, INC. IS A NOT-FOR-PROFIT CORPORATION WHOSE MISSION IS TO TEACH LISTENING SKILLS THAT HELP PEOPLE DEEPLY CONNECT WITH CLASSICAL MUSIC.
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IRS990/PrincipalOfficerNm0RICK KALLER
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IRS990/ProgSrvcAccomActy2Grp/Desc02. COMMUNITY ENGAGEMENT - WE PARTNERED WITH 8 LOCAL STUDENT AND SENIOR ORGANIZATIONS TO PROVIDE EDUCATIONAL MUSIC LISTENING PROGRAMS. DURING THE FISCAL YEAR, THERE WERE 12 IN-PERSON SESSIONS PRESENTED AT THE PARTNER ORGANIZATIONS' LOCATIONS. ON MARCH 6, 2025, TWO OF THESE SESSIONS WERE HELD AT THE FRELINGHUYSEN MIDDLE SCHOOL IN MORRISTOWN AS PART OF A SPECIAL A CROSS-CURRICULAR PRESENTATION ENTITLED "MATH AND MUSIC." THE PROGRAM FOCUSED ON STEM LEARNING OBJECTIVES FOR THE GRADES 6-8 AUDIENCE OF BAND, ORCHESTRA, AND STEM-PROGRAM STUDENTS AND FEATURED MIGUEL DEL AGUILA'S HIGHLY RHYTHMIC PRESTO NO. 2. TOGETHER, ALL OF THESE SESSIONS REACHED 854 PEOPLE. WE ALSO PROVIDED TRANSPORTATION FOR TWO OF THESE COMMUNITY ORGANIZATIONS TO ATTEND OUR OCTOBER 2024 "DISCOVER MASTERWORKS" PROGRAM.
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IRS990/ProgSrvcAccomActy3Grp/Desc03. "DISCOVER ANGELITOS NEGROS" - THIS SPECIAL COLLABORATION WITH RENOWNED PIANIST/COMPOSER PATRICIO MOLINA AND THE MANHATTAN OPERA REPERTORY ENSEMBLE (MORE OPERA) - LED BY FOUNDER AND SOPRANO CHERYL WARFIELD - FEATURED A VARIED REPERTOIRE OF SONG, FOLK MUSIC, OPERA AND SPIRITUALS FROM THE MUSICAL TRADITIONS OF BLACK AND LATINO CULTURES. PRESENTED ON FEBRUARY 23, 2025 IN CELEBRATION OF BLACK HISTORY MONTH AT BEAUTIFUL GRACE EPISCOPAL CHURCH IN NEWARK, NJ, THE PROGRAM ALSO FEATURED A SPECIAL EDUCATIONAL EXPLORATION BY MAESTRO GEORGE MARRINER MAULL. OVER 100 PEOPLE WERE IN ATTENDANCE.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0MUSICIANS FEES AND OTHER DIRECT EXPENSES, PLUS PRORATED STAFF TIME/OFFICE EXPENSES TO PRODUCE AND PRESENT OUR "DISCOVER JAZZ FOR THE HOLIDAYS" INTIMATE CHAMBER MUSIC RECITAL, AND OUR "SEASON KICK-OFF" EVENT.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TDO IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS THEREBY EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. TDO IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY CORPORATIONS AND ASSOCIATIONS NOT FOR PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT HAS STATED THAT ALL REQUIRED INFORMATIONAL TAX RETURNS HAVE BEEN FILED AND REGISTRATION FEES HAVE BEEN PAID. TDO FOLLOWS THE PROVISIONS OF FASB ASC, INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION AS THEY RELATE TO THOSE POSITIONS. TDO DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE YEAR ENDED JUNE 30, 2025. HOWEVER, TDO IS SUBJECT TO REGULAR AUDIT BY TAX AUTHORITIES INCLUDING A REVIEW OF ITS NONPROFIT STATUS, WHICH MANAGEMENT BELIEVES WOULD BE UPHELD UPON EXAMINATION. TDO BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED EACH YEAR. AS REQUIRED BY LAW, TDO FILES INFORMATIONAL RETURNS WITH BOTH FEDERAL AND NEW JERSEY STATE GOVERNMENTS ON AN ANNUAL BASIS - FORM 990 WITH THE INTERNAL REVENUE SERVICE, AND FORM CRI- 300R WITH THE STATE. TDO IS SUBJECT TO EXAMINATIONS AT ANY TIME WITHIN CERTAIN STATUTORILY DEFINED PERIODS FROM THE LATEST FILING DATE FOR FEDERAL AND FOR NEW JERSEY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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